 Notwithstanding the foregoing provisions of this section, the Federal Reserve Board, upon the affirmative vote of not less than five of its members and with the approval of the President, may declare that an emergency exists by reason of credit expansion,...  The American Economic Review - Page 2731918Full view - About this book
 | United States - 1916 - 1420 pages
...and is hereby, amended agfouows: At the end of section eleven insert a new clause, as follows: (m) Upon the affirmative vote of not less than five of its members the Federal Reserve Board shall Jiave power, from time to time, by general ruling, covering all districts alike, to permit member banks... | |
 | Banks and banking - 1916 - 850 pages
...bank itself bi/ that section." SECTION 11. Amend section 11 by adding a clause "m'! as follows: (m) nd reserve i profits. Fifth. Liabilities incurred under the provisi Fedeal Reserve Board shall have power, from time to time, by general ruling, covering all districts... | |
 | United States. Department of the Treasury - Finance, Public - 1917 - 714 pages
...eleven insert a new clause as follows: "(rn) Upon the affirmative vote of not less than five of it» members the Federal Reserve Board shall have power,...permit member banks to carry in the Federal reserve banes of their respective district» any portion of their reserve» now required by section nineteen... | |
 | Board of Governors of the Federal Reserve System (U.S.) - Banks and banking - 1917 - 534 pages
...and is hereby, amended as follows: At the end of section eleven insert a new clause aa follows: (m) Upon the affirmative vote of not less than five of its members the Federal Reserve Boardshall havt power, from time to time, by general ruling, covering all districts alike, to permit... | |
 | John Thom Holdsworth - Banks and banking - 1917 - 538 pages
...nothing herein shall prevent the President from placing said employees in the classified service. "(m)* Upon the, affirmative vote of not less than five of its members the Federal Keserve Board shall have power, from time to time, by general ruling, covering all districts alike,... | |
 | Montgomery Rollins - Finance - 1917 - 528 pages
...the classified service. (m) Upon the affirmative vote of not less than 5 of its members the Fed. Res. Board shall have power, from time to time, by general ruling, covering all Dists. alike, to permit member banks to carry in the Fed. Res. banks of their respective Dists. any... | |
 | United States. Office of the Comptroller of the Currency - Banking law - 1919 - 156 pages
...STATES ISSUED SINCE APRIL 24, 1917. (Act Mar. 3, 1919, amending se*c. 11, Federal reserve act.) (m) Upon the affirmative vote of not less than five of...members, the Federal Reserve Board shall have power to permit Federal reserve banks to discount for any member bank notes, drafts, or bills of exchange... | |
 | United States - 1919 - 460 pages
...out the whole of subsection (m) and by substituting therefor a subsection to read as follows: "(m) Upon the affirmative vote of not less than five of its members, the Federal Keserve Hoard shall have power to permit Federal reserve banks to discount for any member bank notes,... | |
 | Edwin Walter Kemmerer - Federal Reserve banks - 1920 - 230 pages
...nothing herein shall prevent the President from placing said employees in the classified service. (m) Upon the affirmative vote of not less than five of...members, the Federal Reserve Board shall have power to permit Federal Reserve banks to discount for any member bank notes, drafts, or bills of exchange... | |
 | Roger Ward Babson, Ralph May - Banks and banking - 1920 - 328 pages
...nothing herein shall prevent the President from placing said employees in the classified service. (m) Upon the affirmative vote of not less than five of...members, the Federal Reserve Board shall have power to permit Federal reserve banks to discount for any member bank notes, drafts, or bills of exchange... | |
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